Net Asset Value(s)

Shires Income PLC
02 May 2007


Shires Income plc





The Net Asset Value of Shires Income plc as at close of business on 1 May 2007
was 329.6p.


This NAV has been prepared on the basis of guidance issued by the Association of
Investment Companies (AIC). It includes the net income after expenses and a
pro-rata accrual for dividends payable in respect of the one month to 30 April
2007. The AIC recommends Investments be valued at bid price.


Shires Income plc, an investment trust, is managed by Glasgow Investment
Managers Limited.



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